Ziff Davis, Inc. (NASDAQ:ZD) Given Consensus Rating of “Moderate Buy” by Brokerages

Ziff Davis, Inc. (NASDAQ:ZD) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $65.67.

A number of equities research analysts have issued reports on the stock. Citigroup reduced their target price on shares of Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Barclays raised their price objective on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group reduced their price objective on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZD. Pacer Advisors Inc. grew its position in shares of Ziff Davis by 100,954.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after buying an additional 1,265,967 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Ziff Davis by 369.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company’s stock worth $23,626,000 after purchasing an additional 342,207 shares during the last quarter. Janus Henderson Group PLC grew its position in Ziff Davis by 8.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,487,495 shares of the technology company’s stock worth $189,512,000 after purchasing an additional 272,895 shares during the last quarter. Legal & General Group Plc grew its position in Ziff Davis by 12.4% during the 4th quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the last quarter. Finally, CDAM UK Ltd grew its position in Ziff Davis by 16.6% during the 4th quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after purchasing an additional 213,071 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Ziff Davis Price Performance

Ziff Davis stock opened at $39.94 on Tuesday. The firm has a market cap of $1.71 billion, a PE ratio of 33.85 and a beta of 1.36. Ziff Davis has a 52-week low of $37.76 and a 52-week high of $70.02. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $52.38 and its two-hundred day moving average is $51.37.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.